Contingency Fee Agreement Form
Description
How to fill out Attorney Fee Letter - Contingency Agreement?
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FAQ
In contrast to a fixed hourly fee, in a contingent fee arrangement lawyers receive a percentage of the monetary amount his/her client receives when they win or settle their case. That is, in a contingency fee agreement, the lawyer only receives compensation if the lawyer has successfully represented the client.
In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage (often one-third to 40 percent) of the recovery, which is the amount finally paid to the client. If you win the case, the lawyer's fee comes out of the money awarded to you.
While the percentage of the fee varies by lawyer, typically contingency fees are 33 2153 percent of the case if a lawsuit is not filed and 40% if a lawsuit is filed.
A contingency agreement is an arrangement between a plaintiff and a lawyer, stating that the lawyer will represent the plaintiff without money to pay up front. In these situations, the plaintiff pays the lawyer only if the lawyer wins the case.
